On May 17, 2006, the SEC obtained a temporary restraining
order, asset freeze, and other relief against the above defendants in
connection with an alleged Ponzi
scheme. The SEC alleged that from as early as February 2004 through
May 2006, Geoffrey Gish and Weston Rutledge Financial Services fraudulently sold
at least $15 million of securities to more than 100 investors located in
several states. According to the complaint, the investors invested the bulk of
these funds in a prime bank scheme
offered by Zamindari Capital that purportedly purchased “debt instruments”
issued by major banks or corporations. The SEC also claimed that some
investors invested in two other programs offered by Gish: Lexington
International Fund, which purportedly traded foreign currency contracts through
the Foreign Exchange Market, and Oxford Adams, which purportedly traded
options.

The SEC also alleged that Gish and Weston Rutledge Financial
Services sent false account statements to customers, misrepresenting that their
investments in Zamindari, Lexington and Oxford Adams had appreciated
substantially. In generating these account statements, the SEC claimed that Weston
Rutledge employees, at the direction of Gish, fabricated the rates of return. According
to bank records the SEC has obtained to date, Gish fraudulently diverted at
least $650,000 of investors’ funds to his personal bank account.

For more information about the SEC’s action, you can read Litigation
Release No. 19705
(May 19, 2006).

The Court also appointed Thomas S. Richey, Esq. as
Receiver. For the latest information about the Receivership, you can visit the Receiver’s website.